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foreclosure and financial crisis
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Organized Tenants Are Baaaaack
After a lull in the 1990s, the tenants rights movement reemerged and has only gained strength. What caused the resurgence and what do tenants’ prospects look like?
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Low Income Housing Group to Release New Housing Wage Data
The National Low Income Housing Coalition (NLIHC) will release its annual Out of Reach report at 11 a.m., ET, today. Speakers will release for 2010 the often-cited Housing Wage, which […]
Fed to Congress: We Don’t Want That Responsibility!
At a March 23 hearing, “The Future of Housing Finance,” conducted by the House Committee on Financial Services, Illinois Republican Judy Biggert criticized HUD’s Office of Federal Housing Enterprise Oversight […]
The Administration’s Short-Sale Program
The New York Times is reporting a new tack taken by the Obama administration to address the foreclosure crisis, this time acknowledging that some homeowners need to simply get out […]
Making Home (Really) Affordable
As President Obama last week headed west to Nevada to promote a $1.5 billion program that would hone in on five states — Nevada, Florida, Michigan, Arizona, and California — […]
Cooper Village & Stuyvesant Town: Can’t Quite Walk Away
When Tishman Speyer Properities and Blackrock announced a few weeks back that they would default on their $3 billion mortgage loan, it looked as though the principal owners of New […]
Cooper Village & Stuyvesant Town: Can’t Quite Walk Away
When Tishman Speyer Properities and Blackrock announced a few weeks back that they would default on their $3 billion mortgage loan, it looked as though the principal owners of New […]
Modifying the Modification Program (HAMP)
The administration last week announced changes to its Home Affordable Modification Program (HAMP) after falling short of its goals of staving off foreclosures by way of mortgage modifications, with some […]
“Top Of The Pecking Order” for Housing Bubble Blowups
The New York Times has a pretty good rundown of all the players involved in the collapse of the sale of New York City’s Cooper Village and Stuyvesant Town apartment […]
Massive NYC Real Estate Deal Collapses
The Wall Street Journal is reporting that the purchaser of two colossal apartment complexes on Manhattan’s east side, Peter Cooper Village and Stuyvesant Town, has abandoned them to its creditors, […]
Honor Thy Mortgage!
Thinking about walking away from your mortgage because of your underwater mortgage? Stephen Colbert, in his inimitable way, tells us to think again, and to honor mortgage because “your honor […]
The Shadow (Inventory) Knows
What used to be dismissed as a bogeyman by real estate professionals is now a reality of unknown capacity: homes that fall into the shadow inventory of foreclosure. The December […]
What Does the Future Hold For Fannie & Freddie?
The functions of Fannie Mae and Freddie Mac — liquidity, stability, and access — remain important for the housing economy. Indeed, the two companies today are providing more than 70 percent of all the financing for housing even while under conservatorship. But their collapse into the federal government’s arms is causing a wholesale reevaluation of how best to provide those functions in the future.